NEWS
Clariant and SABIC suspend performance merger plan
Clariant and SABIC have temporarily suspended discussions aimed at creating a joint High Performance Materials business from the former’s Additives and high value masterbatch operations and some of the latter’s Special- ties units. The decision has been made due to current market conditions, the two companies said.
Clariant added it will continue with the previously announced divestment of its Pigments business and that
Experts headline AM event
Leading experts on additive manufacturing (AM) are speaking at AMI’s Polymers for 3D Printing conference in Germany on 11-12 December. The first keynote
presentation on design for AM is by Connor Myant, Assistant Profes- sor at Dyson School of Design Engineering in London, UK. Tina Schling- mann, AM Technology Scout and Material Expert at Deutsche Bahn, will discuss how the German rail company is innovat- ing with 3D printing technology. ABS, PEEK, TPU and continuous fibres are among the subjects at the event. Find more details here.
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it will now also sell the entirety of its Masterbatches business by the end of 2020 (it had previously planned to retain the high value part). Proceeds from the divestments will be invested in innovations within the core business areas. Shortly before the
suspension announcement, Clariant CEO Ernesto Occhiello – who joined Clariant from SABIC last year after it acquired a 25% stake in the Swiss firm – re- signed “for personal
reasons with immediate effect”. Former CEO and chairman of the board Hariolf Kottmann has taken over his role until a replace- ment can be found. Clariant said sales from continuing operations grew by 4% in local currency terms to CHF2.23bn (€2.0bn) in the first half of the year, thanks to higher volumes and pricing. EBITDA before exceptional items for continuing operations fell by 2% to CHF355m (€323m). Kott-
mann described the half-year as “admittedly challenging”, especially Q2 “which was additionally impacted by temporary negative influences and one-off occurrences”. The strongest business
areas were Catalysis and Natural Resources. The discontinued Masterbatches and Pigments units were 2% down, “negatively impacted by the weakened economic environment”. �
www.clariant.com �
www.sabic.com
PMDM plans Mast expansion
Precision Motors Deutsche Minebea (PMDM) of Villingen-Schwenningen, Germany, has acquired Bad Waldsee-based Mast Kunststoffe. This is de- scribed as part of a com- pany succession plan on the part of the Mast brothers, who have run it for 30 years. The deal is still subject to approval by the antitrust authorities.
PMDM said that this buy
“strengthens and broadens its product range in the development and produc- tion of drive components”. It will seek to consolidate and expand Bad Waldsee as a European competence centre for precision plastic parts in this field. Mast will continue to operate as before, and Peter and Ulrich Mast will be available to the new owner and the employ-
INJECTION WORLD | September 2019 Above: Mast produces plastic gear and drive components
ees in their function as managing directors. PMDM says it is the
largest motor development centre in the international network of Japan’s Minebea Mitsumi Group. It employs about 400 and makes hard disc drive motors, electroni- cally commutated BLDC motors and energy harvest-
ing systems, as well as drive systems.
Mast employs 130 and is a major supplier of plastic gear and drive components. The company makes its own moulds as well as carrying out injection moulding, plus printing, and other services. �
www.pmdm.de
www.injectionworld.com
PHOTO: MAST
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